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Who is transferor in real estate transaction?
the seller
Who is the transferor in a cheque?
The transferor in a cheque is the individual or entity that is transferring the funds, typically referred to as the drawer. This person writes the cheque, instructing their bank to pay a specified amount to the payee. The transferor is responsible for ensuring that sufficient funds are available in their account to cover the cheque amount.
What condition must be met for a transfer of receivable to be accounted for as a sale in accounting term derecognized?
a. Conditions must be met for a transfer of receivables to be accounted for as a sale: Three conditions are transferor surrenders control of the future economic benefits of the receivables, transferor's obligation under the recourse provision can be reasonably estimated, and the transferee can require the transferor to repurchase the receivables.
Where does the seller sign on a car title?
The seller typically signs on the back of the car title in the designated "seller" or "transferor" section.
What is amalgamation reserve?
Amalgamation reserve means the expenses bear by Transferee company for amalgamation with Transferor company is treated as reserve, this reserve is called as amalgamation reserve
Where does a seller sign on a title when transferring ownership of a vehicle?
A seller typically signs on the back of the title in the designated "seller" or "transferor" section when transferring ownership of a vehicle.
What is quasi-negotiable instrument?
Quasi negotaiable instruments are those which are capable of being transferred by delivery or endorsement but the transferor of the document cannot give a better title to holder that he himself had.
What is quasi negotiable instrument with example?
Quasi negotaiable instruments are those which are capable of being transferred by delivery or endorsement but the transferor of the document cannot give a better title to holder that he himself had.
How can a husband wife transfer be a fraudulent transfer in an equitable distribution state?
It can be fraudulent "Where jointly-held property is transferred for the purpose of defrauding creditors, the transferor may not then share in the value of the transferred asset for purposes of equitable distribution". Consult legal counsel for more information.
Can a crossed cheque be endorsed?
"Account Payee" Cheque cannot be endorsed. only payee of the cheque is entitled to get credit of the amount i.e., the amount will be credited to his account only. However if it is "Not Negotiable" crossing it does not mean that the cheque can not be transferred further it can still endorsed but the transferee will not get better title than the transferor.
What is a Deed of Novation?
A Deed of Novation is used where one party transfers its rights and obligations under a contract to another party. A novation usually happens when the seller of a business transfers the contracts with his customers to the buyer. The consent of all three parties - the transferee, the transferor and the other contracting party - is required to effect the novation.
What are the provision of transfer of property act regarding free enjoyment?
The Transfer of Property Act affects land ownership in India. There are many types of land ownership in India and the free and peaceful enjoyment of land can be complicated when there are others besides the transferor who have an interest. Your question is too broad to answer in this forum. You can read the Act and more about it at the links provided below.
